RELATED PARTY DISCLOSURE (Tables)

6 Months Ended

Jun. 30, 2014

Investments in and Advances to Affiliates [Table Text Block]

Company	Country	Equity share June 30, 2014	Equity share Dec 31, 2013
DWM Petroleum AG, Baar (1)	Switzerland	100%	100%
DWM Energy AG Baar (2)	Switzerland	100%	100%
Petromanas Energy Inc., Calgary (3)	Canada	1.2%	7.2%
CJSC South Petroleum Company, Jalalabat (4)	Kyrgyz Republic	25%	25%
CJSC Somon Oil Company, Dushanbe (5)	Republic of Tajikistan	90%	90%
Manas Management Services Ltd., Nassau (6)	Bahamas	100%	100%
Manas Chile Energia Limitada, Santiago (7)	Chile	100%	100%
Gobi Energy Partners LLC, Ulaan Baator (8)	Mongolia	74%	74%
Gobi Energy Partners GmbH (9)	Switzerland	74%	74%
TF Petroleum AG (10)	Switzerland	100%	-

Schedule of Related Party Transactions [Table Text Block]

	Three months ended			Six months ended
Related parties’ transactions	Jun 30, 2014	Jun 30, 2013		Jun 30, 2014		Jun 30, 2013
Affiliates
Management services performed to Petromanas*	-	(241	)	(278	)	(11,734	)
Board of directors
Payments to directors for office rent	6,737	6,288		13,463		12,564
Payments to related companies controlled by directors for rendered consulting services	74,273	89,138		148,432		178,100